Life Sciences Activity, Sales Continues in San Diego Area

Ever study for a test and what you studied wasn’t on the exam? That’s not the case for Canada-based Oxford Properties group as they are diving into the life-sciences market in San Diego in a rather large way. 

[JLL supplied ConnectCRE with some recent research and analysis regarding the topic of life sciences development in the San Diego area.]

Oxford Properties is buying 13 buildings for $464 million – with plans to buy more, according to a news release. These in-hand purchases total 650,000 square feet, with the buildings in Sorrento Mesa and Sorrento Valley.

Tycho Suter is vice president of investments for Oxford Properties, and he sees the opportunity not only for more growth, but also the opportunity to renovate and update the properties as present leases come up for renewal or termination.

Oxford Properties has appeared in other real estate headlines, as the company has reportedly spent more than $2 billion acquiring life science projects across North America over the past 12 months.